Greedy Banks Incorporated hitter rip you off.
How can I help? Okay, hi.
Yeah, I'm just calling because I noticed recently that the base
rates went to 5%, I'm trying to get a mortgage at the moment and
I can't seem to find anything at 5%.
There will be a lot higher. Okay, sir, let me just come in
there. You're making the rookie error
of thinking that the bank of England interest rate has
anything to do with mortgages at all.
It doesn't, it's just a handy guide for others Banks to set
the rate to exactly where we want.
So, if you're looking at a 5% bank rate, you're going to be
looking at a mortgage of a roughly six point five percent.
That's a good six point, okay? So sorry I'm just failing to
understand here. What does the base rate do?
Yeah, yeah, that's right. That the base rate.
There is just a handy guide for US Banks to set, mortgage rate
exactly where we want. You need to think about mortgage
rates as something separate to the bank of England base rate,
think of that, maybe, as more of your interest of what you could.
But going back to mortgages, you're going to actually want a
rate of roughly six point five percent because, you know, we
need to make some money for our shareholders.
Okay. So the rates have been seeing a
right, okay. Well, I've Quite a large deposit
of money. At the moment I was thinking of
paying off the mortgage. I think what I'll do then is try
to benefit benefit from some of those interest rates.
Can I deposit some money and receive the 5% interest rate
myself? You can absolutely deposit some
money but you cannot access the 5% base rate because like I
said, so that is just a guide for US Banks.
What we tend to do is pass on those but interest rate hikes
very quickly when it comes to mortgages.
But we do kite tend to lag behind a few months when it
comes to passing on those interest rate savings because
like I said, it's our prerogative sir and we're here
to rip you off. So So if I'm looking right here
you can access a savings rate that roughly 3.5 percent.
How does that sound? What three but sorry.
I'm just really really misunderstanding the point of
the base rate. So if if the base rate gives me
a higher mortgage rise and lower interest rates, I'm not
benefiting either. That's right.
No, absolutely not. We benefit as a whole.
Okay. Thank you, sir.
All right, by I'll put you down for both of those products by
know. Dylan, I'm going to do the
introduction this week because I want to do an impression of you.
Hopefully, the viewers will enjoy, you ready?
This is, this is you. Hello everybody.
Welcome to the next episode of CH late repeat. you always see
that you always do this, you gotta lie clean, you look for
head your way through the podcast, like, If I did it, I'd
be, I'd be ridiculed for being Megamind because she you got
that like nice hair but your real ridiculed for being
Megamind. Anyway, don't worry about it
intro, different one. Hello everybody Dylan here, just
about see me. Yeah, you do.
Okay, I need to go back and watch that again because I've
obviously I never I never realized that I do that.
Anyway. Hey everybody, welcome back to
another episode of Assisi repeat.
My name is Dylan. My name is Hayden.
Anyone listening to the audio right now is They get what they
want these people talking about. Just so you know, if you've got
Spotify, you can actually watch us do this podcast as well.
The numbers are, you know scarily growing Hayden on the
video watching in general, the huge percentage of people on
Spotify do actually watch this. And so I'm going to stop and I'm
going to kind of you know just hold back my insults because
they're a huge part of our basic minutes.
So if you're watching well, then you and I definitely don't think
that's weird. So thank you.
No longer creates not gonna call them creeps anymore.
I think what I'm going to do is that Politics move of just not
call them anything. Yes.
Then I don't have to say I don't you know, maybe I still think
that maybe I don't. Who knows I've not said
anything, not denying it, not saying it.
Yeah, that's fair. And just on that point, I think
Hayden on a very serious point in general.
We are very excited at me because in the last couple of
weeks, our numbers have just genuinely boomed.
Double got so many followers, doubled, followers and more than
doubled listens, and that tells me one thing.
You're not following those of you listening.
So make sure you follow as make sure you give us a review, the
Visa peeking up as well. Now, I know, we keep asking for
them, but guys, I care more right now, but say hello to you.
If you're a new listener and get in touch with us because we love
to hear from you. So, if you're enjoying this
podcast, please do let us know, via all the usual methods where
that's answer your question, on our Spotify.
Whether that's finding, as an Instagram, it teach, sleep,
repeat podcast with that Siege. Emailing us at teach to your
Peak POD at gmail.com. Well, that's tweeting us at
teach Sr podcast. You'll get to know all of these
very soon. Can I just say, I tell you what
you need to do right now because we take it.
We say all the time but doesn't happen.
Much is you need to pause this podcast right ass in the
funniest story. You can think of your teaching
career or just generally maybe you're not a teacher and it's
just a funny story. Make us laugh.
We want to share it. We like laughing you like
laughing right to us. Do it.
Do it guys because we want to hear from you but you're not
here to hear us talk about saying, thank you to you.
You're here for us to dive in to our usual business.
So Hayden as ever. How has your week been my pal?
I have my pal. I have been looking forward to.
You asking me this question because I really want to share a
story, but it on behalf of both of us, you know, this story
because you were there and I really wanted to share with the
viewers and listeners. Okay, I'm really looking forward
to it. It was a week ago that Dylan and
I are Partners. We went for lunch, local place
and we like to go to and it's right by the Sea and they've got
this lovely balcony that you can go and see on.
We sat inside that day, it was very hot, but other people,
worse out there and this is, this is so funny.
So you know what seagulls are like if you live near the coast,
they are ruthless, they. Well, I've been, I've had a
seagull flying to be before and still while I Out of my hand, I
was talking into my chest, like they are ruthless Relentless and
surprised, it didn't think that your whole head was just an egg.
You can go for it. Landed on it thinking, it's
gonna start nesting like, it's gonna start looking after and
then it was saw an ice cream. Just you just stole it from me.
Anyway, back to the story, right?
So this these two ladies were eating outside our table for two
and they'd for whatever reason left their table.
I don't know what they were doing, but they just weren't
there and their food will still there.
You know what's coming, right? A seagull came down, landed on
the table. I must have it a field that
time, it was just literally just on their plates.
Stepping through their food, eating their food, and they came
back and they were like, oh, like horrified, like, oh, okay
lead, what didn't have the confidence to go and like shoo
it away. And there's this other lady sat
next to it. This older lady just like just
videoing it legit and leaning over not helping just videoing.
And the best part was when they are sigar eventually went away
because the waitress came out and shoot it off.
The two ladies who are horrified sort of standing there like That
was like, that was awesome. That was our food.
And should we say, can we get something?
Yeah, we ask the people feel like it should the waitress, but
I'm so sorry about that. Like you obviously, you can't
leave your food because of, you know, whatever.
And she just said, are you finished?
They were just like, yeah, of course, of course, when finished
and she just took my face and walked back inside of court.
Or do you mean? Are they finished?
Of course they are. And obviously, So funny, it's
embarrassing. It's that they're the table,
like really close to them. Try not to die.
From laughter that misery. I want it.
The, the fact, one of the funniest parts of me was that
older older woman, who looks down the table next to them
because she did just have her phone out.
She had like, a full on Canon camera like a free.
Professional. Big big.
And she even said, she didn't even just do it should.
Oh, do you mind if I just put this massive I'm route.
Imagine what it just finish your dinner and someone that just
documenting a seagull absolutely bombing into it.
Very funny moment. I very funny moment highlight of
my week. Other than that, you know,
standard week. What about you?
Yeah. Decent it was a standard week
nor week at time times 6 is just busy, everyone's talking about
it online. Everyone knows it, there's just
so much to cram in. You're trying to finish the
curriculum, I saw a tweet again. It was just from someone who
mentioned the fact that it's such still a stigma of summer
term, 6 or time to whatever you want to call it in summer where,
I think a lot of people even teachers still thing.
Oh, it's an easy ride. Never is, it's the most intense
week ever. But in general this week, we had
to rearrange, our some affair because of the bad weather.
That was another thing on the comment that we supposed to do.
But there was just one thing that did stick out to me this
week that really, really, really just baby laughs.
And it's something I'm going to do this week for the in the
future podcast where we can do another little bit about it
because it was simply a kid's joke and we all know it.
We both know as teachers that kids jokes are hilarious, but
not always, because they're hilarious jokes, but this one
really kind of sad With me for a bit because I thought it was
rubbish. And then I thought about it and
I went, oh no wait I stood suddenly understood it and it
was so bad that it was good. So I want to tell you.
This joke told me this week that she started off by saying, I
can't tell you a joke. I was like, okay, go on.
It was the morning. When they just coming in putting
their coats away to get in there, quite repairing, your
fake laugh. Yeah, yeah.
I'm thinking to myself. Okay.
This child, you know, I'm kind
of scanning the child every time.
Well, this child react does. This child want me to laughs?
Well this child, enjoy me telling them how bad their
Joker's or trying to think how to get there.
Reaction up. Yeah, and for this chart I stick
it out. Okay.
I'm gonna I'm gonna I'm gonna definitely pretend that this is
funny which plays into the story.
So she goes, okay, I made this up myself.
That's okay, no problem and Shawn.
Okay, what do you call a camel that likes ham?
And I don't know. I changed it.
No. And I'd like my mind.
I wasn't making this morning so don't know what you call it
Hamill, right? So I continue.
I start off with my fake laugh. I go.
Huh? Yeah, good one.
Didn't remotely make the link at all.
That it has the word cam. It it could be quite easily goes
down. Anyway, she walks off and I
realized this when she's halfway back to her seat and then I do
my real laugh, I like her. And she's like, what?
And I was like, I just got your joke and she kind of looked like
what is it, was the first laughs?
It was just so funny. I'm struggling to understand
what you didn't get when she said, Hamill, did you not tell
me about it? No, no, I heard the word ham but
I thought she just done something like she may as well.
Have said, to me, what's an elf? What would you call?
An elephant that likes ham and she goes Hammer front.
Like I didn't get the link that Camel already add something that
sounds like Hammond it. Oh, the rhyme, right.
Yeah. So she could have said, what do
you call a dog that likes ham and just ham?
Like, I had another kid. There's it just a classic joke
and you'll probably remember the main joke, this comes from, but
he'd obviously heard it and read. hold it really poorly and
this He went. What did one wave?
Say to the other wave. Tonight.
Nothing just waved God. That's not the joke.
Mate. Yeah, that's not the joke.
That's what did the see say to the beach?
Nothing. Just wait.
What is the wave say to the way it waived?
You probably heard that Jackie thought I can think of my own
one. Now.
Unique version of this joke. Brilliant.
So yeah. In general, my week was pretty
normal. I wrote that down because it
made me laugh. And yeah, I think we're just
kind of I do about you Hayden. I'm exhausted.
I feel like I'm on my last legs in school whenever I finish a
school day it just feels very intense.
If there's no wind down at all that about you and yes, it is
exactly the same. I said, yes.
Yes, those my colleagues. I was like, I feel like there's
always three things to do and I have to pick one of them because
I just can't do all of the things is.
Yeah, it's quite stressful as this same colleague was saying,
yeah, I worked till 9:45 again last night and I have that every
single day this week, just starting stuff and it's just
it's a weird one. Because when you ask I feel like
I'd always struggle. If you said to me a call, tell
me a right down. On paper, all the things you're
doing are different. I'd always be like, I don't
really know. But in the moment you can always
think of loads. Like she was saying like, yeah
last night I just a secondary school, email, me and needed.
A bunch of transition notes for a couple of kids but they forgot
to do earlier as I add as an annoying job is now and I'll but
that's the only one but then another day at the next day
there's always something else. Like oh yeah some Affairs be
rearranged I've got to do this now is change what we're doing
okay that's that thing right here and it does build up and I
do feel bad like certain certain members of Staff always seem to
Call the flag of I doing all these extra.
Yeah, it's pretty rubbish but I tell you I think the heat is
just. It's the killer, you know, like
as much. I'm really enjoying it.
By the way, I'm not those people.
I'm trying not to let people that like moan about the rain.
The mud about the heat. I actually thoroughly enjoy
summer so much more than that. Any other part of the year?
But some days when it's ridiculously hot.
Oh man, it just like, I'm I just get so much more exhausted by
the end of the day. I just want to flop because I
think I think it's just the heat.
I think it's fair enough to say that you can enjoy the sunshine
and the heat but not while You're working in a stuffy
classroom of 30 for people like that as a very different thing
isn't it? So you don't you're not, you're
not a hypocrite. If you say Oh I thought you
liked the heat. Don't you like being in a sweaty
classroom which prepubescent children but for a whole day no,
not really because it's not the most enjoyable thing.
Is it not the nicest smell. There is a distinct smell of
your six. I'm just going to say, you know,
everyone always says that, you know, the children are getting
older. Now it's a bit as of.
There's more body mass in the, in the room.
It gets a little bit stinky. Although you can't, you don't
notice it. When you're in your sex, I will
say. So only other only whenever
adults come in they go course Dixon.
And I'm like, does it? It's just me then.
Yeah. And I see this when you slowly
realize that in fact it is just you simple children because that
was they've been awful day, Hayden, I'm here.
Actually since that day, i-i've just speak it back.
Now to that introduction, we did around the bank of inter are
Bank of England. Interest rates that idea because
that is the main theme of this episode.
So I'm thinking potentially we could take a quick break maybe
chat about it, and And then we could dive into this whole
episode which does surround the fact that teachers are still
striking and how the cost of living impact is cost of living,
is having an impact on this profession and we're going to
try and explore that in detail. How does that sound?
Yeah. Sweet.
Let's get to it. So ask it at the start of this
episode was kind of born out of our own personal experience,
wasn't it? Because it's this idea of
everyone, it has been watching the news for the last 12 months.
13 months, interest rates going up every single month.
It's gone from about 1.5 something like 1.5 percent is
now five percent and the idea of how that's affecting people in
their everyday lives and the government say is the line that
is trying to curb inflation. Sure.
But it's going to have much shorter impact short-term impact
on certain things and it was this really Idea wasn't heydon't
that you are currently going through the process of trying to
get your remortgage application in because you're fixed time,
it's coming to an end at possibly.
And I'm just going to say it's going to annoy you.
I'm sure the most annoying time Posse ever forget to genuinely
like for the last 12 months, I have been literally waiting
thinking. I know what's gonna happen.
This is going to keep going up, just in time for me to
remortgage and I'm going to remortgage at a horrible rate
and pay considerably more a month just for the privilege of
continuing, my mortgage, you know, and I get it.
Boo. Who like, you know, interest
rates change all the time. People are constantly paying
more or less as it fluctuates. So whatever, but the thing that
annoyed me as someone, maybe who just doesn't know loads about
how the base rate works. I just kind of expected that
base rate to be relevant in any way.
And it just kind of isn't in terms of the actual number.
Like, the relevance, I guess, is the fact that it's going up,
that's the relevance, but the actual number just annoy me
because I went to remortgage and I just literally last week had
that had the meeting about ramoji and I was expecting five
percent and we're looking at all these fixed terms and they were
between like, 5.3 and 96%. I'm like, what, what, why are
they already considerably higher than than the base rate?
I don't get it. Yeah, it did.
This is the thing we and we kind of like try to have a joke about
this. In the start it is different.
What what mortgage rates are in our calculated off its off more
long-term swaps and bonds and things like that.
So that interest rate is today, okay?
Now what they tend to do for mortgages is make a prediction.
Ian for the future because it's such a long term loan, right?
Hmm. I'm not gonna pretend to know
the ins and outs of it but it's not just a simple case of look
at the base rate that's your mortgage rate.
They'll make almost like a prediction to cover themselves.
So the fact that mortgage rates are higher and they tend to be
higher as well just for the bank's profit margin I suppose
but also the fact that the fact it's higher is them kind of
hedging their bets that it still has a bit of wiggle room to go
up in the future and then the banks don't get caught short on
these ridiculously low loans which they will have.
If anyone has fixed for 5 to 10 years in the last couple years,
the banks now have to provide Those loans are really, really
low, right? So there is, there is reasoning
behind it, but it's still frustrating, right?
When you go to your broker and you think, wow, I've done
nothing. I've done.
Absolutely nothing. I've met every single hotel.
If I mortgage, but now it's hundreds of pounds extra because
of such a steep increase. I think, that's the thing, how
steep it's being. Yeah.
Well, my people people, I think it's so easy to misunderstand,
like the percentages and things like that.
Write it in terms of numbers, as numbers stand hearing like 2.5
go out, going up to 5%, it's That's not, I'm actually still a
very low number and because percentages go up to 100 and
what you really have to realize that is proportionally.
If you got, it is exactly what happened to me by the way.
So I was on a two point, five percent, fixed mortgage and now
I'm going to go on to like a 5 point something percent.
It's more than doubled. That means the interest that I
pay on my mortgage is more than doubling and that's hundreds of
pounds of my mortgage. Now, if I kept at the same term
that I was on, in terms of the years, left to repay, my
mortgage would go up by 400 pounds a month.
Which is no, Joe. That's that's not just like a an
amount that people just go. Oh yeah.
Okay, I'll just stop having, you know, I'll stop having lunch
every other week out with my mates and save that 400 quid
like no. I'm sorry.
But the average person, I don't think the average person in our
sort of position is spending 400 pounds on something that's like
such a luxury. They can just drop every every
month. It's just that if that's a huge,
that's a significant amount of money to go up, but just are
just because and, and the two things I thought were really
interesting were number one. The longer you went in terms of
a fixed term for one. So the first time the cheaper it
was so typically if you want to fix for a long period of time,
you pay a slightly increased rate because you're paying the
premium for knowing that your your percentage is going to be
the same for the next look like, you know, 5 years, 10 years or
whatever is here is a security thing.
So you pay a slightly higher percentage, but you at least,
you know, it's fixed for the next 10 years.
But now what they're doing is the longer you'll fix for the
cheaper is which the Brokers are speaking to Who's a good friend
of yours James was saying that that's probably an indicator
that the actually. Yeah, maybe maybe the percentage
rates are quite high right now and they probably going to come
down. So if they can fix you in for a
longer period of time, then they will because they probably going
to be lower in seven years, you know, that kind of thing.
So that was a that was a little bit promising but the thing I
thought was really crazy, right was I was like, okay maybe they
are just really high right now and they want to get people
fixed in, whatever it. So that's why it's a bit higher
than the base rate, but the base rate itself, He is five percent
so maybe if I go on a variable one and I just and I just ride
the wave of the base rate, maybe that will be a bit lower and
you're just paying for that gamble of like, where's it
going? To be looked at the variable
variable rate. Would you reckon?
It's I've seen it before. It's something like Bank of
England base rate and then in Brackets plus 1% or something
cute about it was it was honestly on average about 7 to 8
percent. If you want to jump on a
variable variable rate for your mortgage said, like what that is
an insane amount that would triple my, that'd be another 400
pounds a month, just to sit on the variable rate for a bit.
So you have to fix your absolutely bottleneck to nail
into fiction mortgage or don't have one.
That's it. There's no choice anymore.
So I ended up fixing for two years in the hope that.
In two years they will have reduced a little bit.
Yes. The nation's down to like three
or four percent but yeah. Mad mad time and I know that for
you it's interesting because they're stuck there that side of
the coin in a way for you, I know you've got a mortgage as
well, but you've also been interested in putting your money
into an account because I know we'll talk about another episode
but you you went on, who was the villain are saving on.
Doesn't know that he did. And who has, Who Wants To Be A
Millionaire, a couple of years ago, and one a decent chunk of
money, which is awesome. And you are very sensible of
that money. I thought I'm going to put it in
an account. You try to accrue some interest.
And from your point of view you, I know that you are thinking,
oh, this is a great thing, because at least the Bates rate
going up means, I will get more interest and the cash that I
have. But what, you know, what's your
experience been with that? Well, it's frustrating.
Because if you think back to when I won the money, it was in
2020. Okay so I want to lump sum of
money and back then the interest rate was a literally at 0.1%.
Sent after covid. They worked it down to basically
nothing. So the point being at that point
me saving that money, although sensible, because even though
it's frustrating, I didn't feel like I was getting much interest
from it. I didn't want to feel like I had
to spend it. In that case, I didn't like the
argument of all you got make the most of it because it will just
get eaten Away by inflation. I was like yeah but I get that.
But at least at the minute I'm not just wasting it for no
reason. So it.
Yeah, you're right. The last 12 months, as interest
rates have crept up. I've thought I actually, you
know, I can get a decent amount every month for this in the same
way that People borrowing a lump sum for a mortgage are paying
hundreds of pounds extra because of the airway interest works.
I thought to myself. Or in that case, if I flip it, I
can be paid. Hundreds of pounds from the
banks for the interest on my capital, in fact, that they're
basically borrowing it from me. So they can invest it how they
like and they pay me Interest, which is supposed to be hot
cakes, right? Yeah, exactly.
I feel, that's cool. No problem.
And the way that I know, I understand more and people can
be very condescending or the banks, especially can be very
like, all you don't understand how mortgage rates works on.
Don't look at the interest rates at one time, Meant to look at
them. Sorry.
Oh it's the long-term bonds and swaps and things.
Okay, fine, I can accept that whatever, but then when you flip
it, the bank's, the day after interest rates go up the day
after they will withdraw, mortgage deals and put new ones
out that go up by certain amount.
They will take months to pass that on, no, to any savings
account, and that's what's really frustrating.
Because, as soon as that base rate goes up by not point five
percent, you'll see mortgage rates up on 0.5 percent.
Within within three days, savings rates, or we've got to
have to do a switch. To really think about how we
pass this on to you guys as customers.
And I saw this very condescending article from one
of the leads of the bank's. I think it was Nationwide a
Barclays. I don't know.
So if you're listening Nationwide about please man I'm
sorry if it was me but it was one of them and he basically
said what customers are telling us is that they don't want
interest rates going up and they're easy access, they want
ways of being able to be encouraged to save more and
that's through it not being easy access and through it being not
to I'm like I'm sorry shut up. How about you just Offer the
interest rate and let the customers decide what it is that
they want. Because I tell you now easy
access to their savings is vital and a cost of living and the
only way cost of in crisis and the only way that you can get
interest rates close to the five percent is if you lock away your
money for years and you can't touch it.
If you want an instant access, which means you can dip in when
times get tough, which they currently are, you're looking at
still between three and four percent which is a massive dip
on this in Bank of England interest rate and it makes me
think what is that interest rate for?
It's much lower for savings and much higher for mortgage rates.
The banks are laughing. They are absolutely laughing at
you and trying to tell you that's not what you want, silly
person. We know what you want with your
money and it's much less of it and and if you want more of it
then it's ours for five years and that's what you want.
It's the same as politicians. We know what people want.
We know and it's invariably worse, it's ridiculous.
And before we move on to, like, talkin about strikes and I can't
the whole like public sector and And we're all that sort of
stuff. We've got planned.
I really just want a moment for a minute.
Okay, about about this a bit more because I recently had a
conversation with someone in person not to, I wasn't gonna
keep a worry for once and we're is a civil conversation.
It was just about like mortgages because obviously, I was across
that I'm getting a mortgage on a much, higher rate now and
they're kind of go to us. Yeah, well look how it's not
that bad, you know, they've always been around like three to
five percent. You should have been around in
the 70s and the late 70s 1979 to T they spiked at 15% and it's
that classic argument. I've heard it so many times, I
just, I just, I roll now and I just want to talk about it for a
minute, because I've sat there and done the research, and I've
listened to other people who have also done the same sort of
research, just confirming this exact same thing.
And I am going to say to you right now, listeners and viewers
that, if you've got a mortgage right now on 5.5% and you're
just an average person and an average house, okay?
If we're just taking the average, it is worse than the
average person. The average house in 89 for the
two months that it peaked to 17%.
It's worse and I can prove it to you.
Okay. Because back then in 1979 it was
like it was like the end of right at the end.
Like November time was when the average mortgage interest rate,
peaked at 17 percent and then it dropped back down to like 14, 15
percent, which is still obviously horrendous.
And if that was the percentage is now we'd all be going.
We'd all be out of our homes because we just simply couldn't
afford it. But the difference is, in the
important comparison to make here and I We want to get this
across is that it the number alone does not equal bad or
good. 15% isn't inherently worse than five point five percent.
Which is where we're at right now because it depends on how
much you're earning and how much you borrowed.
That's what that's the important thing.
So here are some stats for you. Dylan just going to check them
out. You can pretend to care as much
as you want. So now you Hayden this is the
thing I care the most about is Injustice on economics and
stuff. So hit me and make my blood
pressure guy. I know No, I just wanted you to
say that for me. So, back in 1979, right?
The average house, the average house price was 18.5, K 18,500.
The average. This is sounds.
It sounds mad. We just stop there.
I know, I know, and that's nice. It doesn't feel like that long
ago. That's 90.
That's the end of 1979, right at the end of 1979 18,500 for your
average house in the UK, the average salary.
Now, this was a hard start to get, and I've, and it's, and it
will make a slight difference to the comparison because I could
only The average salary of a man because they didn't take
household income data. Then they, they very much
separated it, men and women, but they didn't have the average
household income, which is what we have now and we can use.
But if we think about culture and the way things were back
then, it was more common that there was one income coming into
a house and it was quite often than a man's income coming into
the house and running the house, right?
So what you're saying here, if anything that this number for
the household would be bigger. Yeah, their form exactly that
with the easier in the 70s. So, exactly.
I think this is a worst-case scenario for 70.
Yeah, precisely that. So this is based off just one
person's income. Now if you were in a household
where where both parents worked or whatever, what you know,
whatever the family situation was then the number would be
even easier to manage. This is based on one single
man's income. Right?
Of the average salary was about five thousand seven hundred
pounds. So, what that works out is on
the app, so on the average, mortgage, okay, on an 18,500.
House and you're earning, the average salary of five thousand
seven hundred pounds, approximately 46 percent of your
monthly wage would go directly to paying off your mortgage.
Okay. Okay, so that's that's the most
important stat 46 percent and that is at 17% I just add that
is at the worst, the worst of all possible peak time.
If that continued every month, you'd be paying 40% of them,
man's salary towards it. But back then, fixed mortgages
were way more rare. So actually that hit would just
have been 42. Two months.
It's not like you where you've got to fix.
Now. For two years at this High rate
for 24 months, there's this it this would be a lot of people on
the variable rate, they'd hit it for two months and kind of write
it. Exactly that people that
everyone was affected by this. People didn't just get to skip
it because I had to fix rate. Everyone was on it almost.
So now let's look at now. All right, the average house
price and bear in mind all these figures guys are very rough and
they are Loosely Based on data. Some of the data is from like
four or five months ago, where it hasn't been updated.
So, just take it the pinch of salt, but it gives you an idea.
So the average house price Roughly in the UK is about two
hundred, eighty five thousand pounds.
It was a little bit higher, a few months ago and it's come
down a tiny bit. And again, looking at the
mortgage rates based on, literally this week, you're
looking at five point five if you want to fix for two to three
years. Okay.
A little merman. Yeah.
Basically, Minimus 5.5%. If you've only got a 10%
deposit. Those rates rocket.
So, yeah, because we have equity in our house.
So actually, the I think it's like the average is about six
now, it's even higher. Yeah, when I was looking at the
whole list of noise, I could get they were very Quickly in the
60s and only a few deals are in the fires, but I obviously got a
five. So I'm being, I'm being modest.
I'm giving you the best possible deal.
You can get right now is about 5.5 percent.
The average household income in the UK, according to Google is
33,000 pounds. Okay, household household
income. Yeah, I thought that was
remarkably low. They said, the average household
income is 33,000 pounds. Mmm, okay.
Now doing the same percentages, same maps that would equal
approximately 48. Percent of the average household
incomes coming in going directly on mortgage payments at the 5.5%
rate. And I thought was really
interesting because that is almost identical to what it
would have been like if you're in 1979 and your average how and
your household income was just the man's income, Paying the
worst percentage rates you've ever seen in UK history and it's
actually technically slightly higher right now.
And that's based on two people earning in the house.
In fact, that's not necessarily based on that.
Because it is the average household income of that,
average would obviously include some people having like dual
income and some people shop, okay?
I just, I don't know, and I just want to put that argument to bed
now, because I'm sick of hearing it right after that is just as
bad right now, as as it has ever been in the history of the UK.
So if you hear someone say, So it's not 17-percent say to them.
Yeah, well your house prices were a third of what they are
now proportionately so it doesn't need your house cost a
shoelace and a button. No.
Actually, it cost 18 thousand five hundred pounds of quite
substantial. Yeah.
And I'm not saying it wasn't tough for them back then because
clearly it was about the same as it was now, in terms of how how
tough is got. But, but for two months because
no one had a fixed rate, and then it kind of came down again,
it did, it did come down it, did you know, it was me 60.
Yeah. You'll be fixing this for two
years and even if the rate comes down, your fixed for two years.
Because if you are on the variable rate, like they were,
you're now looking at a person like you said earlier, 7 or 8%.
If we actually compare variable rate to variable rate, it's much
worse right now. Typically worse, considerably
worse. So you know what?
If you are listening to this and you're thinking times really
tough right now, but I keep being told to suck it up by the
government and all the people that lived through the 70s
because we managed to do it, I was going to swear, then I'm not
going to swear because I'm not dealin.
I don't do that on the podcast, but seriously, like, just just
take it is tough right now, is a cost-of-living crisis and the in
it is a crisis. Like, it's really, really,
really hard to Have that what I would say, the base basic
necessities of life right now. Shelter and food are
ridiculously expensive and they are taking up a huge chunk of
the average person's income. And that's the really important
thing. It's a really, it's not
luxurious things that are being hit.
It's this things that the people with the most poverty in this
country, spend all of their money on.
So as soon as food and shelter are hit in such a ridiculous way
for inflation and through, Rates going up.
They are the ones that actually run out of money.
The quickest. I'm just going to read something
really quickly here from Russia soon, act.
Okay. Because this is exactly what he
said at the weekend, when asked by BBC reporter.
You know, basically laid out to what you said, hundreds and
hundreds of pounds extra on mortgages and hundreds of
hundreds of pounds extra in the last 12 months, through
inflationary prices of food, Etc.
So much worse position. His answer was this, we've got
to hold our nerve stick to the plan and we will get through
this. What?
Okay, cheers mate. Okay sorry.
I'm hundreds of, I'm hundreds and hundreds of pounds worth of
it. We've got to hold on.
We inflation is the enemy. What do you mean?
We? Yeah.
What do you mean? We millionaire?
We've got to just like sipping is like really expensive wine on
his policy in one of his home. He's literally sat.
Yeah, he said, she sat in a Gucci suit, we've got to hold
our nerve. He might as well turn to the
camera and put his middle finger up to me when I when I watch
that. Yeah, get in the back.
Yeah, I said to you, I'm absolutely Fine.
You're in the most dire position ever.
You've just got to stick it out, you know.
Well, funny enough. I'm my on my phone.
I've got your. Yeah, I got a tweet from you and
I wanted it, I wanted to review and it's Atlanta.
This okay, so hopefully you know, as he's mentioned, our
socialist lll, instill is really trying to push our Twitter at
the moment so I really appreciate any follows on there
and, you know, retweets and likes and things because we're
trying to build a bit of an audience on there and it has
been amazing and has been tweeting.
Lots and getting involved. But sweet was Sky News this week
and Dylan's. I just want to read your reply.
Sounds good site to make because it's kind you said British prime
minister RI Su Knack has hinted, he will ignore recommendations
for public sector. Pay Rises saying workers need to
recognize the economic context. Wherein let the same sort of
comment, like, condescending, crap, and you just said, well
what's the point in the reports then absolutely wasting taxpayer
money to generate a report? You've already decided you'll
ignore wasted money in the hope that the independent review
bodies would back the choice. You've already made cowardly
leadership, Russia soon. Jack pop up on my phone and I
was like, there's a spirit, there's the keyboard Warrior
that. I know I am coming out until
really crappy. Listen, you've got to punch up
and there's no one further up than that guy, and it winds me
up. And I'm gonna go on one now
because it really does really wind me up because it reminds me
of that, the behavior of children, who, I teach, when
you, when you're younger, you remember, we've got siblings,
we've got siblings. You'd be having an argument
behind your siblings and your And so would walk through it,
you don't, you think that we should be allowed to have an
extra day of school? And if the person agrees with
you, you like see, he said it, he suddenly the beacon of
absolute reason, because he said if I'm right, but if that same
person walked through went no, actually, I don't think.
That's right. You got over it doesn't matter
what you think anyway, and you go to the next person.
Yeah. You keep going around the room
and then as soon as one person agrees with you or that one
person, see their opinions really am.
And now I'm correct. It's the same thing.
What is the point in this Str be report?
I want to talk. You Hayden I want to I want to
play you a clip if you don't mind.
Yeah. And this this really peaked my
interest it really piqued my interest so it's Gillian Keegan
she was talking a couple of months ago and this is when kind
of came to kind of a gridlock with the unions.
Okay. And it's to do the Str BRB
report because the just you all know guys.
Jillian Keegan is the education secretary.
So she's in charge of Education in this country and she is the
one who is supposed to be in negotiations, with the unions.
But it's been, you know, hitting a brick, like hitting myself
against a brick wall. I don't know the saying is
Things do a brick wall and, and doing something repeatedly are
not getting anything out of it. That's just like that.
So Jillian Keegan did an interview with ITV News and it's
really interesting to hear what she said.
Referencing the Str Str be reports.
So Hayden. I want to play it to you and
then maybe dissecting to it afterwards.
Okay. Yeah.
It sounds good. Okay, here's Jillian.
Keegan, I've already given my evidence to the independent
payment view body. I think all the unions are doing
that as well. They also take into account
economic factors. So it's with the pay review body
night, you're not talking to the union.
And well, I mean I talked to them but we're not having
negotiations promise is wrong to say that your door is open.
Well, we, you know, we are our door is always open.
But right now, when it's not, if you're sending them to the peer
review, well, that's the process that we're in place.
So, you know, it seems make, it makes sense.
Now, that we both, you know, sort of put our evidence in and
then an independent person, looks at all of that and then,
we'll come up with their recommendations so Hayden.
And what your gut reaction before I go into the points, I
want to make after watching that.
So I feel like you're gonna know a lot more than me, but Just
because I haven't seen that before, but I just, what was she
talking about with her? Our door is always open but it's
closed right now. I did that bit.
Just I was smiling thinking. Clearly, this is what Dylan's
gonna take the mick out of here. I did it.
You know, example to it, there is interested.
That's something that I kind of wanted to play in the middle.
But it's also either side for me.
So I'll address that open door thing to me.
That's just classic politics, isn't it?
Classic politics where you've got?
Lots of moving Parts, you know, she's the education, secretary,
the Prime Minister might been in an interview that morning and
she hasn't even seen the interview yet and this Messaging
where they're just clearly trained to bat off.
Any kind of, you know, questioning that you could
possibly have. And it was just hilarious me to
watch her, look down at the ground.
As if to say I don't know what to say now because I just want
to fix the Prime Minister and see how so you have flat foot
would go about it. But the bet I wanted to dive
into, maybe I can kind of uncover this a bit for you.
Here was her Reliance on the Str Str be report.
So for anyone who doesn't know the Str be report is a teacher.
A paper is a teacher review, pay body.
Okay, it's completely independent.
Of the government. And every year, they'll release
what they think is a suitable pay rise for teachers.
Now last year, Jillian, Keegan came into office.
I think it was it would be in October time, November time
after the the list, trust pallava.
And she implemented, what was a 5% increase last year for the
Str be report? Yes, it was it was recommended
and she implemented it all good. Okay?
And at the time she was talking about how, how good the Str be
process is And and in that video, you heard at the start
saying, well, look teachers have rejected 4.5%.
Okay. And her line at the time was.
So now when the Str be report comes in, it's down to that
teachers and it was kind of this condescending tone of, well,
you've not taken the 4.5%. So it's down to the independent
report now, and if that's worse, then that so be it.
And that's kind of the line. They were taking turns out.
The stre report has been in their desk for a few months now
and it's a recommendation of 6.5%.
Yep. So I I think it's interesting
watching that video before they need this was leaked of her
saying what? It's 50 Str be.
Now, I've submitted my evidence and I think any you will submit
their evidence and lots of people submit their evidence and
what she said, was it takes into account economic factors.
Now, I'm pretty sure. That means that it takes into
account, the inflationary figures, it takes into account,
the macro-level figures. It takes into account the
interest rate figures and the independent Review Board of
listen to all of the evidence and have come back with a
suggestion of 6.5%. Now What is cowardly, pathetic,
and awful is now that number one, they've not published a
review since. Now, I'll give them the Jews.
The Str be report is usually published at the end of July,
okay? In the last few years since
about 2018 that has been when it's been published, I would
argue that the situation slightly different.
Now, in terms of strike action for the last six, seven, eight
months so maybe do push it forward as soon as possible to
kind of try and resolve it and show that you're serious about
doing that. No they're not.
They're going to push it back. And now as time Eeks towards
that publication date. It seems as if they're going to
reject it and I think it's hypocritical, I think it's
cowardly. I think that they flip-flop
based on whatever they want to do at the time and it
frustrates, me Hayden that I feel like the public sector are
the ones bearing. The burden for this crisis
because not only, of course, everyone has the inflationary
shock of everything going up. But if you look at average pay
rises in the public sector, in the private sector, you looking
at between seven and eight percent public sector.
There will be Offered four percent they're going to reject
6%. Why are we the ones that have to
bear this brunt and listen to Russia sooner?
Tell us down the camera as a billionaire that we just have to
suck it up. Why?
But look, someone said to me recently and you know, way more
about this than me. So I am genuinely genuinely just
kind of rely on you to like help me understand some of this right
to things. Someone said to me recently
someone a lot older said look, it is what it is.
Inflation will continue to go up if we keep offering huge, pay
Rises to various sectors right at some point, it just has to
stop and was essentially mirroring.
I guess what? Richie soon.
As I said, we need to recognize the economic context.
Wherein and inflation is spiraling, it has to stop and
and that brunt has to be taken, you can't have you could just
cut. We just can't all have an
inflationary level pay rise. Before I say anything else, I
just want your reaction to that. Like what do you say when people
say that? Because I usually get a little
bit stumped in terms of, I don't know exactly how to respond to
it. Here's the thing, I actually
agree. Okay, I agree that inflation is
horrendous for so many reasons, for business for household
income, for being for the poorest being squeezed, the
most, I completely get that, okay.
I think my bear bug. Here is number one.
There's been no attempt by the government to try and introduce
measures to try and curb inflation in the private sector.
So there's no, there's no, there's no attempt from the
government to kind of be like, okay look public sector.
We're in charge of we're going to do this private sector.
You guys, you're going to have to help us out.
You can't enjoy 89 percent your that if public sector pay is
going to fuel inflation. How can we pretend that private
sector pay isn't feeling inflation as well?
And I think the number one thing that really, really, winds me up
here is, who's being targeted to be.
The brunt, okay? Because there are a number of
ways you can go about this trying to squeeze inflation and
I'm not suggesting. Everyone should get inflation,
we pay rise. I think that if 6.5% was offered
to schools and it was funded, it would be overwhelmingly
accepted. Which by the way is still less
than half of inflation over the last number of months.
So let's not pretend that we want an inflation, we pay rise.
We don't, we want it to be funded, and we want it to kind
of help us a bit with the impact.
Okay? The second thing that I will say
is, as a result, I think the poorest should be, always be
protected more than anything. One and I'm willing to say from
our situation, we don't need to be protected nearly as much as
the poorest do because it's not fun being on Universal Credit.
I don't care what people say or think Universal Credit is if
you're on Universal Credit it's not happy life.
If it is, why don't you quit your job and go to Universal
Credit? Then of course you won't because
it's obviously worse than the situation.
Right now you're just peddling. This nonsense from your soapbox
because you get annoyed that some people, get some people get
a free ride. No, they don't.
If they get a free ride, go and do it, mate.
Go and do it for one month. You wouldn't survive a second.
So the poorest need to be protected.
What's being squeezed right now, massively and I'm and it's
selfish. It's people like us and I don't,
and I will never turn my anger to the poorest and say, well,
why don't we stop helping these got, why are they getting a
cost-of-living payment? No, no, let's turn our focus and
look up. Let's look up at the huge
profits that the energy companies have been enjoying as
a result of the Ukraine war. Let what's that doing to
inflation? By the way, these record, huge
billions of pounds of profit and and it.
What are we doing to try and level?
That out. Why are we not looking at
focusing? Our attention there.
Why we're not increasing taxes for the most super wealthy in
the country? I'm not talking 80 grand, I'm
not talking 200 Grand. I'm not even talking to
underground. I'm talking the almost Ultra
rich people in this country. Why not focusing our attention
there? Because surely that's more
inflation. We than anything.
What is wrong with this country that we are such a mindset of
bootlickers that we can never think to look up because we
think one day that'll be us. And when we're millionaires we
don't want someone coming after us for our hard-earned money.
Complete rubbish. Yeah, I've recently saw a video
and I bet you've seen these sorts of videos as well before
it Darrin Jones, Labour MP who often grills he often grills
businesses. He's quite famous as that,
there's loads of, like, Tick-Tock Clips, Instagram,
reels and things of him, just rinsing corporations with,
really, really good questioning that's what he's good at.
And and I think I've come to this, the similar sort of
conclusion is you in terms of, we need to be looking upwards.
And, and I just think the argument that That that person
was making to me is always well, someone's gotta take the hit and
stop inflation and my response is with.
Why is it always me why? And by me I mean us like the
collective Working Class People, why is it always asking, why
does that? It's like, you know, when you
got siblings and no one wants to have someone's have the last
hit, you know, like good young. When your players happens, when
you're a kid, you're fighting over.
You always wanna get that. You're the last jabbing, because
then, you know, you've got this little model thing.
I've won. Now I got a last job.
We're always the last ones to be jabbed.
Always. And, and I'm just like, can we
come? Can they have Last job and Aaron
Jones was grilling like Supermarket bosses like Tesco
and Sainsbury's. Not that and basically saying to
them and they have nothing to come back.
And by the way on this, they had, they would just stumped.
It was sweating. There's nothing to say because
they've just rinsed people. They've rinsed inflation for
their own profits and they just don't care because no one is
controlling them. The government isn't saying to
them. Well, you need to recognize the
economic context, wherein and stop doing that.
Nope, so Tesco he was say, I cut them the exact figures but it
was roughly. It was roughly like Tesco were
making like 1.9 billion profit in just before covid like a
yearly profit and then just after covid, their profits were
at like 2.3 billion. So they'd made this like 20
percent rise like 400 million pounds more profit.
I just want to make that really clear.
That is literal profit for the company, okay?
The CEO and the shareholders, whether they want to give it to
profit, not just, you know, that everything else was accounted
for everyone got paid even any pay Rises were accounted for in
that people got paid. And they met, they creamed off
for Hundred million pounds more because they put their prices
up. What we call that, what we call
that thing when the prices of stuff go up.
So it was obvious inflation. Its inflation is like, know,
they're the ones putting it up though.
They didn't need to put it up that much.
They, they made inflation bad but because they made food eight
percent more expensive overnight.
Like what are we, how are they not accountable?
Why do we have to why someone saying to me?
Well, you know, you got to just kind of take it, you could we we
got to suck it up and take away, otherwise inflation will spiral.
Yeah, it will can we can we tell Tesco to put that prices down
again. Please.
So that it stops spiraling and just pay me a bit more as soon
as there as soon as profit, right?
So imagine Tesco put their prices up because of food prices
to go up. Okay, so there's a, there's a
chain. We are not stupid.
We run a business as well. We understand there are levels
to this and it's not a simple of world price.
Go up there, make more money, know the cost of it might have
gone up, right? But the only way that it was
pure inflation, their prices going up would have been if
their profit stayed the same. Yeah, because the amount of
money they took in might have increased, but the amount of
money, Out might have increased. No, no, this is greed fashion.
I would love to know how much percentage of the increase in
food prices were simply on the profit The Profit line yet
because any any of that profit from the supermarket's on food,
any of that profit on the energy companies.
As a result, the Ukraine war is making a profit on a crisis and
it's disgusting. Because at the end of the day,
the government can Samurai say, well we have control over public
sector pay. So we're going to have to really
just squeeze. That there it's small.
Fry. What are you talking about that?
That is the only way that we can in control inflation.
No, no. Not asking for the 11%.
I understand that. When I if I get a 6.5 percent
rise that I've except I understand that actually I'm
still 6% poorer, I get that and I'm willing to maybe take that
flak even though I don't want to but that's the situation we're
in. So let's not pretend that were
being unreasonable here. Let's not pretend that were
being selfish saying, well I'm not going to take anything from
inflation. No no me accepting the highest I
could. Possibly getting this situation
is still half of what inflation is.
So let's just recalibrate this attitude towards teachers, which
is that we're being greedy. Actually, we could have taken
four and a half percent and would have taken money out of
your children's livelihoods at school.
We don't want to do that. It is not greed.
We are just fed up of us. Being squeezed constantly,
400-pound on your mortgage hire 200 pound on your food, but
higher, no increase in your pay or a measly.
Kris at that. And remember, if we get a six
percent, pay increase on our jobs.
That's not a six percent. Pay increase in what we take
home. Oh no.
Because tax and income tax comes after that.
So actually in our take-home pay, it's even less of a
percent. So we've got even less spending
power, it, winds me up. I think that it's just a very
easy point to make from Russia soon, accept their and is his
Golden Throne saying, we just have to get through it.
I'm sorry, but there is a different option and you're not
even entertaining it. Well, the And to just finishing
the analogy with Tesco the equivalent to Tesco experiencing
what we're experiencing their CEOs and their shareholders
would be in that you said us taking a 6.5 percent, pay rise,
would still be a pay cut because it's less spent, you know, money
that we can spend it would be the equivalent of Tesco saying
across covid and up to now, we know we've made lower profits
than we did in 2019 and be like yeah, cool.
That's what we're all doing. Cheers.
Thanks Tesco for not. Put your prices up and bearing
the burden we're all bearing. But no.
No. Oh, no.
They made 400 million pounds more in that time, you think.
Ah, whatever. And all they are, all they come
back with is because there because they were of such
massive numbers obviously being a huge, huge companies, they
just say things, like we've maintained.
We've maintained a profit margin of two to three percent every
year of our Revenue. It's like okay.
Don't care though, because that numbers are relevant eyetooth of
two to three percent of like a trillion power.
You know, who Norma's amount of money they make as Revenue as a
company. It's just a relevant.
I don't care if it's two, if two points.
I % 22.6 percent, means you make 400 pounds, 400 million pounds
more a year than that was a terrible terrible thing and you
absolutely shouldn't be gloating about the fact, you've kept it
within 3%. That's all for you've made loads
of profit off the backs of us. And we've now got a bear.
The burden of stopping inflation that you have literally
perpetuated as a corporation completely unregulated by the
richest man on on the planet. I'm exaggerating.
Now who happens to be in charge of our country at what backwards
World we're living in. And with that, I'm going to
start ranting, I kind of want to make it come full circle here
Hayden. Because here's the thing right
now in our current situation, the any year, as we are loaded,
alluded to how a continuing strike action.
Yeah, okay so I think as teachers we understand that
giving up the fight now would be quite frustrating seeing as
though, nothing has happened. But there's a couple of things
one, I make really clear and I think the first thing I want to
talk about is that there was A bit of a miscommunication I'd
say into the public as to what happens when teachers go and
strike. And I want to make it really
clear now for a couple of minutes and you could talk about
our experiences here, Hayden of this.
Is that when teachers strike, we don't actually get paid and I
think it's such a kind of symbol of the times.
We are living in that we are willing to forgo a day's salary
to argue the point that we're not paid enough.
What kind of a situation must be be in by teachers feel?
That way. It's a weapon.
Is it? Because it seems like a catch-22
in terms of well, people often say, I've heard this argument,
if you can afford to take a day off, clearly a salaries.
All right, and it's like it's not, there is it's a sacrifice.
I don't think you quite understand, the definition of
sacrifice people are so desperate that I willing to be
even poorer for that months. Pay to in desperation to not
continuously be this poor every single month afterwards that
that's kind of the point. I would make just another really
quick point. I heard someone the other day.
At work, say to me, I'm so glad we've got a strike days next
week because I'm so I'm drowning in so much work that I can use
those two days to catch up. And that to me, like, I know
they were just sort of saying it in jest, but they were being
serious in terms of their, they're going to catch up with
work because they work every day and they just can't get all the
work done. That is required of this job and
it's not the same for everybody people in different positions
and teaching. But I reckon there are plenty of
people who can resonate with that person and be like, yep,
that's exactly where I am. I will be doing Some work on the
strike. They even though I shouldn't be
that. That's the that's another sort
of layer of that. Diana's this positions got to.
And that person was like, let's just succumb to the idea of
that's it. Now, this is how I get work
done. I have to take unpaid days off
of work to two main take just to get the job done.
And I'm just like, oh man, I feel like I'm living in like, a,
some dystopian future. I what Have We Become?
It's nice. There's so mad, isn't it?
And I think it's just like a sign of the actual profession,
how many Works, how it worked days of work due to the When
you're not being paid, just to make sure this job can actually
happen. Something I wanted to dive in a
bit more of this two things here.
Number one is, it's both linked to the fact that the any you are
fan out strikes for this time. Okay.
So a lot a lot of people, I think in any you and this is
still going ahead by the way, because the other unions are
balloting and we're looking at industrial action in September
through more than just one Union.
So so far, only the, any you have met the threshold to go
through strikes. There are three or four others
now that are trying to do. So they include head teachers,
teaching, Assistance etcetera, for having the biggest impact
possible. Okay, two things have come from
this from this announcement that they're going to have strikes in
this term. Number one.
Quite a lot of teachers have called it misjudged or not quite
happy that they've called strikes in this time because of
the impact. It's going to have on a lot of
things that's important for our children, such as transitions,
such as Sports days, such as those things that happen in this
busy term, which we love to provide for the children.
But Secondly, I've seen a lot of teachers as well.
Say I'd love to strike but I now linked to what we just said,
literally can't afford to. Yeah, I literally cannot afford
to strike now because I have forgone so much money.
I've made such a sacrifice, I've got children.
Perhaps, I'm a single parent perhaps on this map sign that I
literally can't lose 200 pounds term because of x, y and Zed.
And what's frustrating me is both of those things are kind of
like a push back to strike Action Now despite agreeing with
the strikes, but there's now a a sense of a push back to the
strikes immediately picked up by The Daily Mail immediate picked
up by the telegraph. The government to be seen as
see. The need is waning teachers
don't want teachers understand? And then we can kind of frame it
in that way. Now, that actually do, they
don't want to strike any more. It's really frustrating me.
Do you think it was an own goal but that any you putting strikes
now, or do you feel that? It's just always going to
happen. Be the case off the months and
months. I can see the double negative
because not only can the Daily Mail jump on what you just said
there about. See teachers they're not they
don't want a strike. Much.
Now, they can also jump on. See the ones that are striking
clearly. Don't care about the kids, like
we said, because they're doing it on sports day and transition.
I think it was a little a little bit silly that reason I still
don't disagree of them and I will be striking on those days
and I think, I don't know, I guess the other way to look at
it, is it kind of highlights the highlights it in the, in the, in
the opposite way that teachers clearly do care?
They care so much. That even the most important
thing to the profession right now, which is striking can might
be deterred by the fact that they care about these kids so
much. Much of their now don't want to
do it, you know, I mean I do it's a weird when I think it
just I think it works both ways to the point where it's just a,
it's kind of a pointless argument.
I think I understand the urgency and I do just think we need to
strike. It's a bit tough that it's in
term six. Okay.
It is just two days out of time six.
I'll be one of my things. It might, it might cause some
rearranging of days. I understand that some schools
have look plan. That's what stays on those days.
It's really annoying and they might now have to rearrange that
day because I don't actually want to lose the sports day.
Through a different time. Yeah, it's annoying, but I think
we have to fight for what we want.
I really do and I think it is a fight, it's a fight, it's a
fight financially, it's a fight with our time, and it's going to
be a fight for some people. In terms of reorganizing things,
nice things that they wanted to do and carry on doing today.
It's I feel weird about it, it's a tough one.
I think, the biggest point, A lot of people are saying word,
that the strikes are obviously meant to be disruptive, okay, so
a lot of arguments that that said, look one year without
sports day, Is really annoying and we frustrating for a lot of
children. It's a huge day in the calendar,
but it's for the long-term goals to be prompted to afford
equipment. Yeah, it's a long time, God as
well, to be able to afford equipment in the coming years
for said, sports day. Like we need money in school to
provide these opportunities, but kind of on a deeper level, I
just, I feel like with this, this strike action, it just has
to go ahead because The whole argument from the government of
the not that not basically, it's because they haven't released
this report that we talked about earlier.
And the the idea of being seen to let the government get away
with it, for, what would be up until September about six months
between strikes? So, that's a long time to kind
of just be like, oh, we're going to wait and see and they can
kick the can down the road. I think that the negative press
that might come from the kind of division in teaching at the
minute as to whether it's right or wrong, I think overall it's
still Good thing to keep it in the mind of people that teachers
are still striking and and those teachers who are in a position
where they think they can't afford to do so, I think they're
the ones who are struggling the most right now morally as it's
such a moral dilemma for them. And I hate it when anyone who
hasn't been part of a union and I'm calling out other teachers
now, I'm not, I'm not afraid to do that, obviously it's the
public and strangers as well. But teachers who haven't taken a
single strike day who've gone in on those days.
Done their job. Taking their pay whenever they
comment about someone who maybe at this point is deciding.
Okay, I'm not going to strike this time because I need the
money whenever they're commenting about that.
Say, oh, that's a bit. That's against your, your
morals, in a thought. You were for the strikes, it
wind me up, no end. And I've seen I've seen this
posted online, I think, if you haven't sacrificed your money
for this, cause whether you agree with it or not, you need
to just keep quiet. You need to not is your
Europeans, not relevant. In this don't tell One, whether
they're right or wrong for choosing to strike or not.
If they've already done it five times this year and can't
afford, another couple of hundred quid it won't Smell Ya
Big Time as a big burn from Dylan there.
It's true and I'm sure we're not calling out many teachers
because I know there's a lot of unity in this kind of course.
But yeah there are there are some people who think in that
way and it's not fair. Yeah, and again, like I said,
making it very clear. I'm talking specifically about
those people who think it's their job to kind of make a
comment or pass, comment on someone's decision to strike, or
not in that. Respect at the start, we were
very vocal when we hate and trying to convince people to
strike. And I think we all are very
first podcast, episode was why teacher striking?
Because it was when teachers did did a strike I was going to say,
struck for the first time and and I think we talked about,
didn't we how I views became less militant?
Maybe and we did we do. Stan, we were very militant like
we were super medicine, man. Like, I actually thought you
were gonna go into one of your older opinions are, which you
haven't said in a while, which is that review saying is need
Papi. Don't, I don't know if you'd
approve it anymore. Not, I'll challenge you on it
which was if you voted knows a striking, didn't strike and
stayed in and you know just got paid on those days when the pay
Rises come next year. If any pay Rises come based on
strike action off you go donate it then you clearly have to know
what it was, you didn't do anything for it, so donate I
think it did. Yeah you're challenging me on
this. If it's I still think that.
Okay, yeah, for very specific groups of people.
And this is why I can't just say anymore because I realize that I
am making that point to people who can't afford to strike and I
hate that. I hate the idea with me saying
that and then someone who can't afford to strike is like I
literally can't afford to try because every teacher in a
different situation you know our households have dual income and
no dependence right now. So it's not the same as a single
mom with four kids. It's like this, it's not
remotely comparable, so I would never ever say to that person.
Well, you didn't strike getting the bin laughs.
I've got a, my 50 Quid a month. Thank you very much know.
I'd never do that, obviously. But I'm talking about people in
a very similar situation. I know lots of teachers whose
partners are the Breadwinners when and significantly more in a
very, very comfortable stable Financial condition and they
teach very much as like a vocation, they don't really need
that money. They choose to do it for various
reasons and they it's those kind of people.
And don't get me wrong, most of them are very supportive and
they actually still strike as well.
But when it's those kind of situations who think, oh no, I'm
thinking of the children I'm coming in because I'm thinking,
but I do like condescendingly anti Strikers, you know?
I mean, like they're militantly anti striking and their vocal
about their opinions and they look down on teachers who strike
because they have assessed that I don't need the money and it
affects the kids negatively. So what you're doing is bad it's
those people isn't it that really grind ideas.
Not that I know any personally, but I've certainly seen online
and I know personally, loads of people who aren't striking for
various reasons, and all of those people are in support of
the strikes is funny. They're all in support of it,
but for one reason or another, they either can't or they're not
going to for their own reasons, and it's completely acceptable.
But, yeah, that particular type of person that's just horrible
Converse, ending like, attitude towards it, gay in the bin and
donate you. My dear, we get it for you and I
do just finishing off on that point.
I do I also think that it's acceptable to not go the other
way and kind of condescend, those people say, oh you're
pathetic, you're not striking, you don't deserve this.
But I think you can go the other way and say to people have been
striking. You are bearing, the brunt of
this, you are carrying a financial burden, you are
helping the profession. Massively for a personal
sacrifice, both mentally and physically Ansari and
financially physically physically.
I'm lying in bed all day, but it's not physical a physical
one, but you're bearing that Real burden for the greater good
of everyone and I think you can, he preys on them and I think
people are worried about doing that, in case, it's all well,
what everyone else? Think.
No, no, you're doing the right thing for this profession.
Thank you for losing hundreds of pounds for sticking by that.
So that's what we're gonna do right now.
So, what we're going to do is this little section where I
praise Dillon, and he Praises me for all of the amazing things
that we're doing to help the strike action.
So it's really nice really Dylan Dylan.
Thank you so much for striking and taking physical And to do
that. I can thank you so much.
I really appreciate. Okay, yours and yours and now
Hayden. Yeah, we're going to finish off
their for this section. So that's pretty nice to.
You've got to Right. Dylan, we've been moaning and
waffling for. I don't know.
Best part of an hour now, so I think we need to bring it to an
end. I just want to say though, it's
so funny how in the last few episodes we've been, like,
really by big ourselves up for being way more positive.
Now, the back in the early episodes, we were a little bit
too Monie and we have just spent the last hour, absolutely going
to town moaning about everything but we need it.
And I know there are people listening to this.
Who are we love a moan? We all love a moan as long as
it's in the right context and you know that's what it was all
about today. Just Just getting out our grapes
and explaining why we are still striking and why we are still
fed up with the state that the economy is in this country.
Yeah. Absolutely.
And in the future just you all know this was episode.
We just those two we still have guests coming in the future.
We have a few lined up. We have one for you next week.
It is not Russia sooner. It's even better.
Okay, so we have a lovely episode coming up next week all
to do with transition. For your six is going into
secondary school and talking about reading so Hayden.
It's going to be a really, really good one.
Yeah, please do tune in. We've And yeah, absolutely
amazing guests and we're still getting more lined up.
So, you know, get in touch with starting to get contacted Now,
by people, as well as saying, I'd love to come on your podcast
one day and talk about X Y, or Z said.
And if that expires at is interesting and doesn't count
your man doesn't count. Well, let me she just wants to
talk about how it's gonna really, really, so that I love
mine, an older generation like to talk about how everything was
handed to that generation. Okay, and it's so hard for them,
I'm not gonna do it because if I said that, that would be really
mean and I didn't just do it. Give me did he really mean it
reveal. Exactly.
You didn't do that thing. What people do all the time
where they say, I'm not going to say it.
I'm not going to say that X Y Zed and then by definition to
say what they think. Anyway, it also, you know, it
wasn't it's just just an average.
We hear that was it wasn't mine, and mine ad wasn't just the
average man. The average man was taking
everything, it's just a coincidence that all of the
million pound homes exist now and exclusively by 50 plus year
olds, it's just it's just Bing, okay?
And it's just a quick, it's just complete coincidence.
That all of the older generation of already paid off their
mortgage. So we're not being remotely
affected by interest rates, it's just the young to also aren't
getting a pay rise. Let's not go back and we're not
going to go into the fact, okay? There is no such thing as a
youth tax or anyone over about 50 because they didn't have to
pay extortion at student. Student loan fees.
We're not going to talk about it.
It's just the same it's generated.
We all die. Not going to mention how life is
possibly worse as it's ever been financially for anyone in our
situation and we're not presenting.
We're not resentful, we don't, we don't care about.
Oh man, we're not going there. Right?
Anyway, guys stories please. Yeah, thanks for tuning in.
See ya.